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South Africa's Gold Fields to buy Yamana Gold in $6.7 billion deal
via CNBC, New York
Tuesday, May 31, 2022
South African miner Gold Fields today agreed to buy Canada-based precious metals miner Yamana Gold in an all-share deal, valuing the Toronto-listed company at $6.7 billion.
Gold Fields said its shareholders will own about 61% of the combined group, while Yamana Gold shareholders will own around 39% after the deal completes.
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The South African miner said Yamana's board has unanimously approved the deal and recommended that its shareholders vote in favor of the offer.
The offer consists of new shares or newly issued American Depositary Shares in Gold Fields at a fixed exchange ratio of 0.6 of a Gold Fields share for each Yamana share outstanding. ...
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